Entrepreneurial & Small Business Concepts

Components of a Business Plan

• Proposed Business

• Marketing Plan

• Financial Plan 

• All of the Above

Which is NOT an owner of equity in a business?

• Contractor

• Founder

• Partner

• Shareholder

Risk of being an entrepreneur:

• too much time on your hands

• bankruptcy

• You are your own boss

• flexible schedule

Benefit of being an entrepreneur:

• Your finances are always stable

• bankruptcy

• never risky

• You set your own schedule

Characteristics of Business Opportunities:

• Price & Quality

• Selection & Location

• Service

• All of the Above

Viability of a Business Opportunity:

• Market Size & Relationships

• Cash flow management & Passion

• Management Skillsets

• All of the Above